ACH Alert reached agreements with Columbus Community Bank to provide their customers fraud protection services. Columbus Community Bank aims to implement ACH Alert’s fraud protection services this fall. Processes provided by ACH Alert include real-time, transaction level protection for commercial and individual customers; simplified identification of trusted trading partners and valid payment recipients; and facilitation of electronic transaction disputes between the financial institution and their client. To date ACH Alert’s fraud protection system has documented its clients and their customers have deterred more than $20 million of potential fraud.
Orange is a strategic licensor for the NFC Patent Licensing Program launched in June 21st with Inside Secure. The operator has been a long-standing leader in the development and now the adoption of NFC technology, and, through their impressive research capabilities, filed many patents. Within the NFC Patent Licensing program, such patents will become available at reasonable and non-discriminatory conditions.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS banking and payments technology posted 2Q/12 revenue from continuing operations up 3.1% to $1.46 billion, compared to $1.41 billion in 2Q/11. Net earnings from continuing operations, as adjusted, totaled $198.1 million, or $0.66 per diluted share, compared to $167.7 million, or $0.54 per diluted share, in the second quarter of…
Card Compliant appointed Jeff Johnson Chief Sales and Marketing Officer to lead Card Compliant’s management of all global sales including market assessment and product strategy. With this, he will drive achievement of the company’s customer acquisition and revenue goals, and will evaluate new business opportunities, strategic alliances and market conditions for Card Compliant. Johnson brings to the role experience in the prepaid card industry having served most recently as the Senior Vice President and Division Manager of Prepaid Services for First Data, where he led the product development efforts for open loop, closed loop, healthcare, transportation and payroll products, along with leading the strategic planning efforts and new growth initiatives for prepaid.
Bluepoint Solutions remote deposit capture, item processing and enterprise content management and Open Solutions collaborative enterprise technology to community-based financial institutions worldwide expanded their partnership to provide Open Solutions’ “DNA-tMagic” clients a robust teller transaction archive and reporting application. Bluepoint’s Receipt Manager application automatically launches to capture and create a detailed summary of the transaction. This information is then archived and made immediately available to authorized users within the financial institution as well as account-holders upon request.
Experian information services launched its “Smart Collect 24/7” online collections portal. Giving creditors a quick, secure and easy way of interacting with customers in arrears, “Smart Collect 24/7” uses technology developed by Intelligent Environments and gives banks, retailers and other providers the ability to provide their customers with the tools to manage their arrears, securely make payments, set up direct debits and create payment plans through internet enabled devices.
AlphaPoint Technology Data Center Infrastructure Management and IT Asset Management solutions through its “AssetCentral” has acquired SoftPay Solutions. The “AssetCentral” solution uses an SQL database for storage, on-demand content generation, hyper-linking and cascading style sheets to create a highly customizable visualization tool for managing IT assets. This enables integration with real-time power management, auto-discovery, RFID, temperature sensors, and network and system monitoring tools. AssetCentral™ provides “drill-down” asset modeling, capacity planning, change management and business reporting functionality for today’s complex data center environments. Meanwhile, SoftPay’s solution includes an “on-line billing system”, which enables merchants through their own control panel and dashboard to view daily profits, run transaction reports, and to manage customer databases, subscription billing, invoicing and customer notifications using various email tools.
Evolution1 electronic payment, on-premise, and cloud computing healthcare solution that administers reimbursement accounts announced Robert Deshaies will join the company as executive vice president. Deshaies will partner with Evolution1 execs to deliver a world-class Partner experience and will be responsible for further accelerating growth and increasing the presence of Evolution1 in the market. He will oversee human resources, sales, focused business development, marketing, revenue, and public relations. He brings more than 25 years of industry and Partner model experience to Evolution1.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With total outstanding revolving credit having jumped 11.2% in May since the year ago figure, projections indicate this consumer spending is about to grind to a halt. This in part thanks to First Data “SpendTrend” analysis in June, tracking same-store consumer spending, indicating year-over-year dollar volume growth of 6.4%, down from…
Having just launched its “Liquid” prepaid card, Chase Bank is expanding the program nationwide through its 5,500 branches. Chase’s low-cost prepaid alternative to a checking account for the unbanked and cash-preferred offers a Visa-cobranded card for use anywhere Visa is accepted, and can be reloaded free at any of Chase’s 10,500 DepositFriendly ATMs and 5,500 branches nationwide. Features include cash withdrawal at Chase’s 17,500 ATMs and 5,500 branches nationwide; Direct deposit for paychecks or government benefits such as Social Security; allow transfer to Chase Liquid from Chase accounts via Chase.com or Chase ATMs; and account alerts via text or email.
Sage Pay has partnered The MoBank Group, allowing its 40,000+ merchant clients to integrate onto the mobile channel via MoPowered, The Mobank Group’s secure Software-as-a-Service (SaaS) mCommerce solution. This in response to Sage Pay’s annual business survey indicating only 5% of e-tailers currently had apps, but 40% planned to invest in one within 12 months. This is further supported by a report undertaken by MoBank which found that 89% of SME retailers believed that mCommerce was a necessity for the growth of their business, but only 24% had integrated an mCommerce site. The MoPowered platform has been developed with SME merchants in mind, allowing them to achieve a fully transactional mobile commerce site within a matter of weeks that is fully compatible with PCI DSS.
Precision Dynamics Corporation (PDC) automatic wristband identification launched its Smart Band RFID Wristband System for cashless POS at Hersheypark amusement park to improve customer convenience and satisfaction. Guests use their Smart Band RFID wristband to make in-park purchases, check balances, and load additional funds onto their wristband at any of the park’s 200 RFID-enabled POS stations. PDC’s RFID technology has helped many theme parks across the nation deliver a better guest experience while reaping significant bottom line benefits. Proven RFID wristband applications include social media integration, cashless payments, keyless lockers, electronic access control, photo management systems, and customer loyalty programs.